long-term care – Benefits Canada.com

Caisse investing $500MN in National Bank of Canada, backing EV charging station operator

bmcgovern — Fri, 14 Jun 2024 19:00:11 +0000

The Caisse de dépôt et placement du Québec is investing $500 million in National Bank of Canada to support its acquisition strategy for Canadian Western Bank. The acquisition deal is worth $5 billion and will give National Bank a presence in Western Canada. Following the Caisse’s investment in National Bank, it will become the second […]

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Survey finds 92% of U.S. employees seeking additional financial resources from employer

bwolfe — Thu, 30 May 2024 19:00:37 +0000

Nine in 10 (92 per cent) U.S. employees say they need additional financial resources in their employer-sponsored benefits plan, up from 79 per cent in 2022, according to a new survey by BCHR Holdings and Arthur J. Gallagher & Co. The survey, which polled more than 250 employers and roughly 700 employees, found one in […]

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Canadians not saving enough for long-term care in retirement: survey

bwolfe — Mon, 17 May 2021 13:00:16 +0000

Canadians’ current retirement savings aren’t likely to withstand the costs of long-term health care later in life, according to a new survey by Edward D. Jones & Co. It found 23 per cent of respondents said they believe their retirement savings will last them less than 10 years, including 21 per cent of those age […]

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NDP tabling motion for all LTC homes, including the PSP’s Revera, to become non-profits

lbailey — Wed, 24 Mar 2021 05:00:16 +0000

The New Democratic Party tabled a motion on March 22 that would immediately turn Revera Inc. — a company that runs more than 500 seniors’ homes in Canada, the U.S. and the U.K. — from a for-profit chain wholly owned by the Public Sector Pension Investment Board into a publicly managed entity. The motion calls on the […]

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Public sector union pressuring PSP to ‘pull out’ of all long-term care investments

mschmit — Mon, 14 Dec 2020 06:12:31 +0000

The Public Service Alliance of Canada is reiterating a call for its pension investment manager to divest its ownership in Revera Inc. over the company’s safety record during the coronavirus pandemic, saying the fund should “pull out of the business of long-term care” altogether. The public sector union, which represents 140,000 public sector pension plan […]

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